Restaurant Point of Sale Overview
Restaurant point of sale can mean everything from credit card
processing for your business to the equipment you use to process
payments to the software you use to keep track of orders and
reservations. Some restaurants have complete point of sale systems,
while other restaurants simply need a terminal to process credit cards.
Whatever you need for your restaurant, you can learn some of the basics
Restaurant Point of Sale Equipment
POS equipment needs of a restaurant depend on the size of the
establishment and what kind of restaurant it is. For credit card
processing, every restaurant will need at least some basic equipment.
Credit Card Terminals
credit card terminal is what every business needs to swipe credit
cards, get authorization for those credit cards, and process the
payment. A small café may need nothing more than a credit card terminal
to take care of its processing needs, while a large restaurant may need
multiple terminals to handle several payments at once.
Printers and Accessories
can’t process a credit card payment without printing out a receipt to
get a signature. If your terminal doesn’t come with a built-in printer,
you’ll need to purchase a separate one. You also need to take into
account the need for a PIN pad in order to accept debit card payments
and the need for an electronic check reader to verify all check
POS Computer Hardware and Software
you are a large restaurant with a bar and a team of servers handling
multiple tables all at once, you could probably benefit from a complete
point of sale system that includes a POS computer (or computers) and
software. This software does much more than process payments and often
includes: order processing, order ticket printing for the kitchen staff,
table management and reservations, inventory tracking, employee hours
and payroll, sales reports, and more.
purpose of all of that POS equipment is so you can process payments and
make some profits. Even though the equipment is a big piece of the
puzzle, it’s not the only piece. You need a merchant account provider to
process those payments for you, get the funds from the credit card
company, and pay you for the sale. That provider can be a bank or it can
be an independent company that is sponsored by a bank, known as an ISO
(independent sales organization). Without a restaurant merchant account you can’t accept credit cards and can’t use all of that equipment.
your restaurant to take credit card payments and process those
payments. Set up your merchant account today and purchase all of the
necessary point of sale equipment.